The Fund has focused its investment strategy in the New York metropolitan area since its inception in 2011. Within the New York metropolitan area, the Fund focuses on investing within undervalued neighbourhoods experiencing growth and gentrification, specifically in Brooklyn and Manhattan, New York and Hudson County, New Jersey.
Portfolio composition1, 2:
| Area | Number of properties | Value (US$) | % of portfolio (by value) |
|---|---|---|---|
| New York Premium | 79 | $226,021,004 | 51% |
| New Jersey Premium | 35 | $59,264,266 | 13% |
| New Jersey Workforce | 226 | $154,595,214 | 35% |
| Total (1-4 Family portfolio) | 340 | $439,880,484 | 100% |
1. Portfolio composition as at 31 December 2024. Number of properties does not represent total number of units.
2. Excludes URF’s exposure to all large scale multi-family apartment complexes owned with Urban American.